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Bitcoin (BTC) recorded a new high at $119,444 at 3:11 AM on the 23rd, with a sharp increase in spot and futures trading volume on cryptocurrency exchanges. According to data from cryptocurrency market data provider CoinMarketCap, the daily spot trading volume on the world's largest cryptocurrency exchange Binance reached $15 billion on the 22nd. On-chain analysis platform Glassnode's data shows that Bitcoin futures trading volume reached $203 billion on the 22nd, the third-highest trading volume since 2025.
2. Bitcoin Futures Open Interest Reaches $65 Billion, Recording All-Time High
Bitcoin futures market open interest reached $65 billion as of the 23rd, recording an all-time high. With open interest at its peak, cryptocurrency media Decrypt pointed out that the price volatility in the cryptocurrency market has also risen to a very high level. Open interest refers to the amount that can be used for transaction settlement in derivatives markets such as futures or options contracts. An increase in open interest can indicate a large-scale liquidation of specific positions in the futures market.
3. US Senate and House Propose Bill to Prohibit Government Officials from Generating Revenue through Cryptocurrencies
Democratic senators and representatives are pointing out former President Trump's actions of generating revenue through cryptocurrencies and are pushing a bill to prohibit US government officials from generating revenue through cryptocurrencies. Senators Chuck Schumer, Elizabeth Warren, and Jeff Merkley are set to submit an amendment to the 'GENIUS' stablecoin regulation bill to the Senate. Merkley pointed out on his X account on the 22nd that he will submit the GENIUS bill amendment to the Senate, criticizing former President Trump's actions of generating revenue through cryptocurrencies. Meanwhile, Democratic Representative Maxine Waters introduced the 'Trump Cryptocurrency Intervention Prohibition Act' in the House on the 22nd, which prohibits major US government officials from issuing and holding cryptocurrencies.
Reporter Kwon Seung-won ksw@blockstreet.co.kr
